Procter & Gamble is reviewing its financial statements for 2023. The financial data includes:

Transactions (in $ millions)	Amount
Cash Sales	1,400
Credit Sales	700

Requirements:

• Prepare Procter & Gamble's income statement for 2023, focusing on revenue and expenses.
• Calculate and interpret the debt-to-equity ratio and current ratio.
• Discuss the accounting treatment of pension and post-retirement benefits.
• Analyze the impact of changes in fair value of investment securities.
• Prepare a schedule of accounts receivable for Procter & Gamble as of December 31, 2023.